This is sooo much better than last winter. And with added territory, the extra sales are coming at higher gross margins with propane wholesale pricing so low. We are going to have tremendous earnings for the quarter.
March and Q1 data are posted. 24% more heating degree days for APU areas than same quarter one year ago. that's 24% more sales, at higher gross margin. C3 wholesale prices were lower as well this year. That should predict much higher net profit for the quarter, and maybe increased payout.
they are saying April is looking like a normal March. That means we sell more in the Spring Qtr. and maybe the earnings estimates are about to be updated to show both more heating degree days plus impact of record low purchase price of C3.
Tom They missed budget by over 30 mil the first quater and are still behind in the second..How will they sustain the dividend if they continue to earn less EPS then they pay out..Just a simple math question. Do you support selling more units to pay dividend? If so, when will they stop paying the dividend? Tom...you greedy man..I hopre the stock sinks like the Titanic and you own mega..